The nominees for womenswear designer of the year, the biggest prize, are Ashley and Mary-Kate Olsen for The Row, Jack McCollough and Lazaro Hernandez for Proenza Schouler, and Marc Jacobs.

"This year, as we celebrate the 50th anniversary of the CFDA, we can see what a critical role the CFDA Fashion Awards continue to play in our efforts to promote American Fashion," Kolb said in a news release. "This year's nominees truly represent the important influence of American design. We look forward to once again honoring the best and brightest talent working today."

Top contenders in menswear are Billy Reid, Patrik Ervell and Simon Spurr, and for the best in accessory design they are Alexander Wang, Reed Krakoff and McCollough and Hernandez. Tommy Hilfiger is to receive a lifetime achievement award.

The ceremony will be held on June 4 at Lincoln Center for the Performing Arts' Alice Tully Hall. Comedian Seth Meyers will be the evening's host.

Other honorees:

'Swarovski Award for emerging talent in womenswear: Chris Peters and Shane Gabier for Creatures of the Wind, Joseph Altuzarra, and Max Osterweis and Erin Beatty for Suno.